Vanguard Group Inc. Has $151.65 Million Stock Position in Two Harbors Investments Corp $TWO

Key Points

• Vanguard Group Inc. reduced its stake in Two Harbors Investments Corp by 1.2%, currently holding 11,350,925 shares worth approximately $151.65 million.
• Analysts have adjusted their price targets for Two Harbors, with UBS and Royal Bank of Canada both lowering their price objectives to $12.00, while maintaining a "buy" and "sector perform" rating, respectively.
• Two Harbors Investments announced a quarterly dividend of $0.39, yielding 15.4%, despite having a negative dividend payout ratio of -43.82%.

Vanguard Group Inc. cut its holdings in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 1.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,350,925 shares of the real estate investment trust's stock after selling 139,176 shares during the quarter. Vanguard Group Inc. owned 10.91% of Two Harbors Investments worth $151,648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in Two Harbors Investments by 95.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,615 shares of the real estate investment trust's stock worth $182,000 after acquiring an additional 6,658 shares during the period. XTX Topco Ltd acquired a new stake in Two Harbors Investments during the 1st quarter worth about $1,267,000. GSA Capital Partners LLP acquired a new stake in Two Harbors Investments during the 1st quarter worth about $666,000. Federated Hermes Inc. acquired a new stake in Two Harbors Investments during the 1st quarter worth about $140,000. Finally, LPL Financial LLC boosted its position in Two Harbors Investments by 36.7% during the 1st quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust's stock worth $2,154,000 after acquiring an additional 43,253 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TWO. UBS Group decreased their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Royal Bank Of Canada decreased their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Maxim Group cut their price target on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Two Harbors Investments presently has an average rating of "Hold" and an average price target of $12.57.

Two Harbors Investments Stock Up 0.7%

Shares of TWO stock opened at $10.14 on Thursday. The stock's 50 day simple moving average is $10.30 and its 200 day simple moving average is $11.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investments Corp has a twelve month low of $9.67 and a twelve month high of $14.28. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.85 and a beta of 1.25.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The business had revenue of ($18.12) million for the quarter, compared to the consensus estimate of ($23.29) million. As a group, research analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date of this dividend was Thursday, July 3rd. Two Harbors Investments's dividend payout ratio (DPR) is presently -43.82%.

Insider Buying and Selling at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the transaction, the executive directly owned 160,281 shares of the company's stock, valued at approximately $1,606,015.62. This trade represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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